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Netmore Group AB (publ): Netmore Group AB (publ) establishes Joint Venture company in UK

Netmore Group AB has arrived in the UK. Netmore IoT Solutions Ltd is a
joint venture with UK experts and positions the Group for growth both
in the UK and internationally.

The JV company has been established with two telecom entrepreneurs,
Stefan Stanislawski and Richard Jones. They are also co-founders of
Connect Fibre (an open access fibre builder and operator) and the two
companies have formed an alliance to share knowledge, address certain
types of customer and accelerate each other's growth.

A key focus of Netmore IoT Solutions will be the opportunities created
by the recent liberalisation of spectrum by UK regulator Ofcom. This
allows new 4G and 5G low power and private mobile networks which is a
particular expertise of Netmore. Private mobile networks are useful
when there is a need to provide reliable coverage, connectivity, and
mobility for IoT use cases.

The JV will also have access to the full technical resources of the
Group and will promote Netmore Group's various products for private
mobile networks and solutions for property owners and industries.

"Ofcom's recent spectrum changes brought forward our plans to invest
in the UK. I am delighted to already see some traction for our
offering to the UK market, both in private mobile networks and
LoRaWAN services. I look forward to a fully operational UK business
in 2020."

says Arti Ots, Head of Strategy and European launch at Netmore Group.
"We have long admired the versatility of Netmore and are very pleased
to bring the range excellent service propositions to the UK. In
particular connected buildings, private mobile networks and new 5G
opportunities are exciting and we see clear, growing, demand.
Although it is early days, we also believe there are synergies
between fibre, IoT and 5G."

says Stefan Stanislawski, Head of UK at Netmore.
The company was registered in the autumn, all necessary permits and
registrations to operate fully in the UK market have now been

For more information:

Arti Ots,

Stefan Stanislawski,

Netmore Group AB is an IoT operator that develops a comprehensive
solution for cities, industries, properties and homes. Together with
our partners we build a safe and sustainable ecosystem for Internet
of Things, locally, nationally and global. Netmore Group was formed
in 2010 and since 2017 listed on the Nasdaq First North Growth

G&W Fondkommission is the Company's Certified Adviser regarding the
listing at Nasdaq First North Growth Market.

Tel: 08-503 000 50, e-mail:


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